#Unherd funding driver#
While these runs did require a driver and engineer to be on board TuSimple has been stating that they expect to have the driver and engineer out by 2021 and have the fully autonomous AT on the market by 2023. The company had also been using their AT (autonomous trucks) to run routes for contracted customers in Arizona.
#Unherd funding series#
Recently it was unveiled that the autonomous truck startup TuSimple had raised an additional $120 million in series D funding.
#Unherd funding drivers#
Behind the 3.6 million heavy duty trucks on the road are an equal amount of truck drivers of whom in this age of disruption may see their future as quite uncertain. The industry generates around $700 billion a year itself and facilitates other industries that soar even higher. Trucking itself stands as the primary mover of American goods throughout the country, delivering goods to retail, distribution centers, and directly to manufacturers. Trucking is known as the backbone of American commerce sector. In the private sector we shall see how the industry grows, it may continue of this unprecedented level of growth seeing increasing amounts of funding or the it may cool down instead reacting upon the needs of the times. Its obvious that they industry will grow in the public sector as its needed for national defense. In the end we are left with a cyber security in a rather interesting scenario. Over +300 cyber security startups form every year and can gather massive private funding without gathering much market share. However, others argue that due to the essential need for security in part stated above by the DHS, that it is more likely that the current atmosphere has produced an over saturation of overvalued startups. Those same companies have been able to regain their market share and improved cyber security hasn’t seemed to show a change in attack relevance. In part this is due to the fact that while cyber-attacks have been occurring more frequently and to higher profile companies. Some feel that this may lead to the market being in a bubble. Spending on cyber security related developments and companies is on track to reach $133 billion by 2022 growing 30x in 13 years. On the private side of the spectrum the market seems to be fully aware of the need for cyber security professionals. The hope for this official would be a system in which government via scholarships and grants would foster the development of such professionals of whom would work in government for a few years before making the leap to the private sector. They also plan to invest in newer methods for obtaining and retaining those cyber security professionals that already exist. According to the official they are currently working ways to invest in the youth via the school curriculum. To this end the department of homeland security claims to already planning out steps to alleviate this. Recently, one senior official of the department of homeland security noted the lack of cyber security professionals in the US is a national security risk. On the other end improved technology and automation has made many of our systems fully operable online like some municipal systems and our electric systems. On one end this is due to the massive amount of data about us that is online ranging from the information that we share on our Facebook or Instagram to information governments or companies have about us. In today’s world the role of cyber security is emerging as a industry of paramount importance.
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